8 Bit Microcontroller Market

8-bit Microcontroller Market

  • ICT-SE-1332
  • 4.7 Rating
  • 194 Pages
  • Upcoming
  • 56 Reviews
  • PDF Excel PPT
Raksha

Author:

Raksha Sharma

Amulya

Fact-checked by:

Amulya Agarwal

Shruti

Editor:

Shruti Bhat

The global 8-bit microcontroller market size was valued at USD 7.5 Bn in 2022 and is projected to reach USD 12.89 Bn by 2031, expanding at a CAGR of 6.20% during the forecast period, 2023–2031. The growth of the market is attributed to the high usage in various devices that needed a substantial degree of control utilized and growing competition in different industries has decreased the cost of the product.

8-bit microcontrollers are digital signal processor and IP core chips that are the backbone of all the products and systems, which are used by consumers to travel, work, increase comfort, communicate, entertain, and produce energy. The 8-bit microcontrollers use the word size of 8 bits, which means its assembly instructions are 8-bit each, internal registers are 8-bit wide, and memory access read 8-bit.

8 Bit Microcontroller Market Outlook

The 8-bit microcontroller executes the assembly commands in one instruction cycle apart from fetches and branches. Smart grids use smart meters for a communication channel to communicate. Microcontrollers are used to ensure the communication between the physical locations. Microcontrollers also decrease the price of medical devices and also provide information of the patients.

8-Bit Microcontroller Market Trends, Drivers, Restraints, and Opportunities

  • Rising adoption of internet of things enabled devices is anticipated to spur the market expansion during the forecast period.

  • Increasing initiatives for smart homes globally is major factors pushing the market growth.

  • High cost affecting the performance parameters is estimated to restrict the market expansion in the coming years.

  • Large number of key players present in the market act as major challenge that can impede the market growth.

  • Emergence of smart grid applications and rising mobile data traffic is projected to create significant opportunities for the market players.

  • R&D investment and technological advancement in 8-bit microcontroller is expected to offer lucrative opportunities for the market players.

Scope of 8-Bit Microcontroller Market Report

The report on the global 8-bit microcontroller market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

8-bit Microcontroller Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

End-user Industries (Consumer Electronics & Home Appliances, Industrial, Data Processing & Communication, Aerospace & Defense, Automotive, Healthcare, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Renesas Electronics Corporation; STMicroelectronics N.V.; Silicon Laboratories Inc.; Infineon Technologies AG; Panasonic Corporation; Epson Corporation; Microchip Technology Inc.; NXP Semiconductors N.V.; Cypress Semiconductor Corporation; and Sony Corporation

8-Bit Microcontroller Market Segment Insights

Based on end-user industries, the global 8-bit microcontroller market is divided into consumer electronics & home appliances, industrial, data processing & communication, aerospace & defense, automotive, healthcare, and others. The consumer electronics & home appliances segment is expected to constitute a key share of the market during the forecast period owing to miniaturization of consumer devices and rising demand for consumer electronic products such as microwave ovens, televisions, cameras, and others.

However, the healthcare segment is anticipated to expand at a rapid pace during the forecast period due to governments spending on healthcare sector and rising disposable income. Increased demand for accuracy needed in medical procedures, rising demand for microcontrollers, governments supportive plans for medical automation, and technological advancements is projected to boost the market.

On the other hand, the automotive segment is anticipated to expand at a rapid pace in the coming years owing to growing demand for 8-bit microcontrollers to enhance car safety features, entertainment systems, convenience functions, and government edicts on emission control. The strict rules and regulations related to improving road safety for pedestrians and drivers are anticipated to drive the market.

8 Bit Microcontroller Market End User

On the basis of regions, the global 8-bit microcontroller market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to prevailing high consumer base for Smartphone’s, tablets, and other electronics in the region. Increasing penetration of internet of things ecosystems in corporate places and houses is expected to fuel the market.

On the other hand, the market of Europe is expected to exhibit a rapid growth rate in the coming years due to presence of major manufacturers of equipment and automotive. However, the market of Asia Pacific is expected to exhibit a rapid growth rate during the forecast period owing to proliferation of various start-up business ventures in various developing economies, which provide important microcontroller services with innovations.

8 Bit Microcontroller Market Region

Segments

The global 8-bit microcontroller market has been segmented on the basis of

End-user Industries

  • Consumer Electronics & Home Appliances
  • Industrial
  • Data Processing & Communication
  • Aerospace & Defense
  • Automotive
  • Healthcare
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Renesas Electronics Corporation
  • STMicroelectronics N.V.
  • Silicon Laboratories Inc.
  • Infineon Technologies AG
  • Panasonic Corporation
  • Epson Corporation
  • Microchip Technology Inc.
  • NXP Semiconductors N.V.
  • Cypress Semiconductor Corporation
  • Sony Corporation

Competitive Landscape

Key players competing in the global 8-bit microcontroller market include Renesas Electronics Corporation; STMicroelectronics N.V.; Silicon Laboratories Inc.; Infineon Technologies AG; Panasonic Corporation; Epson Corporation; Microchip Technology Inc.; NXP Semiconductors N.V.; Cypress Semiconductor Corporation; and Sony Corporation.

Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

8 Bit Microcontroller Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 8-bit Microcontroller Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. 8-bit Microcontroller Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. 8-bit Microcontroller Market - Supply Chain
  4.5. Global 8-bit Microcontroller Market Forecast
     4.5.1. 8-bit Microcontroller Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. 8-bit Microcontroller Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. 8-bit Microcontroller Market Absolute $ Opportunity
5. Global 8-bit Microcontroller Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. 8-bit Microcontroller Market Size and Volume Forecast by End Users
     5.3.1. Consumer Electronics & Home Appliances
     5.3.2. Industrial
     5.3.3. Data Processing & Communication
     5.3.4. Aerospace & Defense
     5.3.5. Automotive
     5.3.6. Healthcare
     5.3.7. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global 8-bit Microcontroller Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. 8-bit Microcontroller Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global 8-bit Microcontroller Demand Share Forecast, 2019-2026
7. North America 8-bit Microcontroller Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America 8-bit Microcontroller Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America 8-bit Microcontroller Market Size and Volume Forecast by End Users
     7.4.1. Consumer Electronics & Home Appliances
     7.4.2. Industrial
     7.4.3. Data Processing & Communication
     7.4.4. Aerospace & Defense
     7.4.5. Automotive
     7.4.6. Healthcare
     7.4.7. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America 8-bit Microcontroller Demand Share Forecast, 2019-2026
8. Latin America 8-bit Microcontroller Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America 8-bit Microcontroller Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America 8-bit Microcontroller Market Size and Volume Forecast by End Users
     8.4.1. Consumer Electronics & Home Appliances
     8.4.2. Industrial
     8.4.3. Data Processing & Communication
     8.4.4. Aerospace & Defense
     8.4.5. Automotive
     8.4.6. Healthcare
     8.4.7. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America 8-bit Microcontroller Demand Share Forecast, 2019-2026
9. Europe 8-bit Microcontroller Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe 8-bit Microcontroller Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe 8-bit Microcontroller Market Size and Volume Forecast by End Users
     9.4.1. Consumer Electronics & Home Appliances
     9.4.2. Industrial
     9.4.3. Data Processing & Communication
     9.4.4. Aerospace & Defense
     9.4.5. Automotive
     9.4.6. Healthcare
     9.4.7. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe 8-bit Microcontroller Demand Share Forecast, 2019-2026
10. Asia Pacific 8-bit Microcontroller Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific 8-bit Microcontroller Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific 8-bit Microcontroller Market Size and Volume Forecast by End Users
     10.4.1. Consumer Electronics & Home Appliances
     10.4.2. Industrial
     10.4.3. Data Processing & Communication
     10.4.4. Aerospace & Defense
     10.4.5. Automotive
     10.4.6. Healthcare
     10.4.7. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific 8-bit Microcontroller Demand Share Forecast, 2019-2026
11. Middle East & Africa 8-bit Microcontroller Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa 8-bit Microcontroller Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa 8-bit Microcontroller Market Size and Volume Forecast by End Users
     11.4.1. Consumer Electronics & Home Appliances
     11.4.2. Industrial
     11.4.3. Data Processing & Communication
     11.4.4. Aerospace & Defense
     11.4.5. Automotive
     11.4.6. Healthcare
     11.4.7. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa 8-bit Microcontroller Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global 8-bit Microcontroller Market: Market Share Analysis
  12.2. 8-bit Microcontroller Distributors and Customers
  12.3. 8-bit Microcontroller Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Renesas Electronics Corporation
     12.4.2. STMicroelectronics N.V.
     12.4.3. Silicon Laboratories Inc.
     12.4.4. Infineon Technologies AG
     12.4.5. Panasonic Corporation
     12.4.6. Epson Corporation
     12.4.7. Microchip Technology Inc.

Purchase Premium Report